Legal Question in Credit and Debt Law in Michigan

judgement settlement

I currently owe a debt from 1997 on a repossessed vehicle. While I acknowledge that I owe it, an attorney has filed judgement on behalf of the creditor and I was garnished. I went to court to stop the garnishment. I now pay $100.00 per month. I am attempting to pay the debt off by offering a settlement but the attorneys office refuses to accept my offer. The original judgement was for approximately 1143.09. However, the attorney's office wants 15,800.00 to pay the account in full. I feel that this is very unfair! How are they going to collect more than what the original judgement was for? I refuse to pay them that amount when that wasn't what the judgement was for. How can I get them to settle on a fair amount. I don't even have the vehicle anymore!


Asked on 7/18/03, 11:36 am

1 Answer from Attorneys
Gregory J. Roth Gregory J. Roth, PLLC

Re: judgement settlement

The numbers you list (judgment to current) do not make sense. A judgment creditor is allowed to recover post-judgment collection costs as well as post-judgment interest on the judgment from the date of the complaint. I would have to review your paperwork to further answer your question. Please contact me www.lawgreg.com if you need further assistance.

Read more
Answered on 7/19/03, 6:14 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Michigan